BillionairesBusiness

Ray L. Hunt Net Worth

Ray L. Hunt Net Worth is
$14 Million

Ray L. Hunt Bio/Wiki, Net Worth, Married 2018

After his dad’s death in 1974, he inherited Hunt Oil Co. along with his three sisters. In 1982, Forbes magazine estimated Ray Hunt’s family’s entire net worth to be $200 million. Ray made an enormous oil find in Yemen in 1984. It took two years for Hunt, partnering with other businesses, to lay a pipeline and develop a refinery for the petroleum. In 2006 Forbes estimated that Ray’s family’s net worth rose from $200 million to $4.6 billion. In September 2007, Hunt reached an oil handle the Kurdistan Regional Government in the contested lands of Ninewa near the Dohuk Governorate with the estimated value of $8 to $14.5 billion. The national Iraqi Petroleum minister has denounced this deal as prohibited, because under present Iraqi law just the central government is authorized to enter into contracts, though the Kurdistan Region considers it’s a constitutional right to take action. The Kurds will not talk about details in regards to the deal but insist they will share gains. Similarly, Hunt Oil has refused to answer questions regarding the offer from US government officials who called for details when the deal became public. The problem continues to be open as well as the State Department’s Office of Inspector General is reviewing the matter. In the letter FENAMAD wrote, “Having calmly exhausted all demonstration, without receiving any response, we hereby convey to you personally that we’ve consented to some fifteen-day period for one to definitively pull away in the Amarakaeria Communal Reserve because you may not possess the native community’s approval.” A press release issued by Amazon Watch said that “The Reserve was created in 2002 after years of indigenous petitioning to secure the rainforest part of the vast Madre de Dios and Karene watersheds and to supply safe zones for the Harakmbut native individuals to live, fish, and hunt. He could be the former owner of the Southwest Media Corporation of Texas which printed D Magazine, Houston City Magazine, Texas Houses and Sport Magazine.

Ray L. Hunt Net Worth $5.2 Billion Dollars

Source
Wikipedia



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